Corn Faces Pressure on Monday

Corn futures fell 3.5 to 6.25 cents on Monday ahead of end-of-March USDA reports; the CmdtyView national average cash corn price was down 6 cents to $4.13 1/2. USDA reported a private export sale of 145,000 metric tons. Moves were modest and appear driven by pre-report positioning rather than a material supply shock.

Analysis

Corn futures fell 3.5 to 6.25 cents on Monday ahead of end-of-March USDA reports; the CmdtyView national average cash corn price was down 6 cents to $4.13 1/2. USDA reported a private export sale of 145,000 metric tons. Moves were modest and appear driven by pre-report positioning rather than a material supply shock.